Predator Oil Regulatory News (PRD)

24 Oct 2006 16:01

Prodesse Investment Limited24 October 2006 24 October 2006 PRODESSE INVESTMENT LIMITED Sterling Conversion Rate for Q3 2006 Dividend The Company previously declared a dividend for the quarter ended 30 September2006 of US$0.12 per share payable on 6 November 2006 to holders on the registeron 20 October 2006. For those shareholders who have elected to receive theirdividend in Sterling, the dividend will be 6.39 pence per share based upon anexchange rate of 1.8774. About Prodesse Investment Limited Prodesse is a limited liability Guernsey-incorporated closed-end investmentcompany, the investments of which are managed by Fixed Income Discount AdvisoryCompany. The company's investment policy is to provide net income fordistribution from the spread between the interest income earned from a portfolioof residential mortgage-backed securities and the cost of repurchase agreementsentered into to finance the acquisition of such residential mortgage-backedsecurities. Enquiries:RBSI Fund Services (Guernsey) Limited:Sara Radford / Paul Smith 01481 743000 This information is provided by RNS The company news service from the London Stock Exchange